Tuesday, July 23, 2024
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Tag: PayTech News North America

CFPB proposes new rule to include payday advances under Truth in Lending Act

Key Points:Proposed Rule:Payday loan advances would be brought under the same scope as consumer loans. Fees associated...

US fintech start-up Rainforest lands $20m Series A led by Matrix Partners

Rainforest Secures $20 Million Series A Funding: Key PointsFunding and Investors:Rainforest, a Payments-as-a-Service (PaaS) provider, secured $20...

Frost Bank in Texas taps Finzly for instant payments

Frost Bank Partners with Finzly for Instant Payments: Key PointsPartnership Announcement:Frost Bank has chosen fintech company Finzly...

Verituity secures $18.8m round led by Forgepoint Capital and Sandbox Industries

Verituity Raises $18.8 Million: Key PointsFunding Round:Verituity, a US-based provider of verified payout solutions, raised $18.8 million. ...

CSG acquires Florida-based paytech iCG Pay in $17m deal

Acquisition Overview:CSG, a Colorado-based provider of customer engagement, revenue management, and payments solutions, acquired iCheckGateway.com (iCG Pay)...

US fintech Solutions by Text lands $110m in growth financing

Funding Announcement:Solutions by Text (SBT) secured $110 million in growth financing. The round was co-led by StepStone...

CFPB says BNPL firms must comply with credit card consumer protection rules for billing disputes and refunds

Ruling Overview:Agency: US Consumer Financial Protection Bureau (CFPB). Decision: Designates buy now, pay later (BNPL) firms as...

Thunes to boost US footprint with acquisition of Tilia

Acquisition Details:Thunes, a B2B payments infrastructure firm, has signed a definitive agreement to acquire Tilia. Tilia, founded...

Bolt appoints interim CEO as Maju Kuruvilla departs

Leadership Change at Bolt:Maju Kuruvilla, who served as CEO of San Francisco-based fintech Bolt for over two...

US fintech Coast secures $92m in mix of equity and debt capital to fuel product development

US-based fintech Coast has secured $92 million in a combination of equity and debt capital. The equity portion...

Mastercard pilots new Smart Subscriptions feature in the US powered by open banking

Mastercard, a global payments giant, has launched a new subscriptions management solution called Smart Subscriptions in the US. ...

Erica Gee appointed new COO of US payment solutions vendor NXTMoves

US payment solutions provider NXTMoves has appointed Erica Gee as its Chief Operating Officer (COO). In her new...